Best Travel Stocks To Add to Your Watchlist - August 20th

Key Points

• The article highlights five travel stocks to watch: SoFi Technologies, Costco Wholesale, Baidu, Alibaba Group, and Booking, all of which have shown high dollar trading volume in recent days.
• Travel stocks are influenced by external factors like consumer spending, seasonal demand, fuel prices, and geopolitical events, making them key indicators of economic health and consumer confidence.
• SoFi Technologies provides a range of financial services across North America and Latin America, while Booking Holdings connects consumers with global travel service providers.

SoFi Technologies, Costco Wholesale, Baidu, Alibaba Group, and Booking are the five Travel stocks to watch today, according to MarketBeat's stock screener tool. Travel stocks are shares of publicly traded companies operating in the travel and tourism sector—this includes airlines, hotel and resort chains, cruise lines, car rental firms and online travel agencies. Their performance tends to be cyclical, closely tied to consumer discretionary spending, seasonal demand and external factors such as fuel prices, geopolitical events or public health concerns. Investors often watch travel stocks for insights into broader economic health and shifts in global consumer confidence. These companies had the highest dollar trading volume of any Travel stocks within the last several days.

SoFi Technologies (SOFI)

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

Read Our Latest Research Report on SOFI

Costco Wholesale (COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

Read Our Latest Research Report on COST

Baidu (BIDU)

Baidu, Inc. engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.

Read Our Latest Research Report on BIDU

Alibaba Group (BABA)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Read Our Latest Research Report on BABA

Booking (BKNG)

Booking Holdings Inc, formerly The Priceline Group Inc., is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

Read Our Latest Research Report on BKNG

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